Every house that is sold creates one job as it ripples through the economy. New construction is the fastest way to create jobs there is. Building and selling houses touches nearly every industry stimulating a broad economic recovery employing large numbers of people from laborers to lawyers. These new homebuyers will not only buy houses but they will need cards, furniture, insurance, and phones, legal and banking services. Canada took in thousands of wealthy Chinese immigrants after the takeover of Hong Kong and they sparked a property boom there. This would help solve the illegal immigration problem for those already here by providing a fast path to legal status that can help our economy by buying a house. The resulting upswing in house prices would bring Americans who have been renting until house prices "bottom out? Into the market to buy.
Implement New Credit for Small Businesses: Small businesses everywhere say that their number one problem is lack of customers. They need more business much worse than they need more credit. This would increase their businesses. Quick and easy to implement – no new departments or bureaucracies need to be formed. No government money is needed. Creating Jobs: It will free up dead funds that Americans and banks have tied up in real estate that they can then use to invest elsewhere – creating jobs or to pay off debts thereby strengthening balance sheets.
Reduction in Crime Rate: The crime rate would go down. Vacant buildings attract vandalism, drugs and other criminal activity. Fully occupied neighborhoods and commercial properties are safer. in Donations: Charities, churches, universities and other non-profits would see an increase in donations with economic upswing, thereby improving large areas of the economy.
Positive Social Implications: The stress on families caused by the housing meltdown and unemployment caused increased divorces, family breakdown and even suicides. This would be reversed and bring about more stability. U.S. Credit Rating Restored: America would be taken off the financial sick list and our credit rating would be restored. The dollar would start going up and foreign investment would be attracted because of the new economic growth here.
Household Wealth: It is estimated that $16.4 trillion in household wealth disappeared in the 2008 bust. Foreclosures are at an all time high. One in four remaining homeowner are prepared to walk away from their homes because they are worth less than they prepared to walk away from their homes because they are worth less than they owe on them. House prices have dropped fifty seven months in a row. Dr. Robert Shiller, professor of Housing Economics at Yale, said our house prices could drop another 25% in the next five years. Forty-eight percent of Americans foresee a second great depression. Banks will need another bailout in the trillions if Prof. Shiller is right. A strong national defense depends on a strong economy.
The bleeding of America must stop and relief needs to go the root of the economic problem – where the bust began – the housing market. We have the worst possible form of deflation where everything we own – dollars, real estate and stocks are going down but everything we have to buy food, gasoline and insurance etc. is going up. Bring in four to five millions wealthy and affluent immigrants to be those buyers we so desperately need. They will come and they will buy. All we have to do is give them a visa.
We are one of the few nations on earth that can pull this off because people all over the world want to live here and our country is already so diverse. Many international investors already have family here. Electric Orange℠ from ING DIRECT USA. Make money while you pay your bills.